Understanding Breach of Real Estate Contracts

Posted by Haleigh Haffner Mulhern | May 01, 2023 | 0 Comments

Contracts are legal instruments binding on the parties that enter into them. A breach of a real estate contract in Illinois can be particularly costly to the non-breaching party in a number of ways. The real estate market is hard enough when all parties play according to the rules. So, when the o...

What are Transfer Taxes?

Posted by Haleigh Haffner Mulhern | Apr 27, 2023 | 0 Comments

In summary, transfer taxes are fees charged by state or local governments when a property changes ownership in a real estate transaction. The taxes are typically based on the sale price or value of the property being transferred, and the buyer is typically responsible for paying the fees. Transfer taxes are an important consideration when buying or selling real estate, as they can add to the overall cost of the transaction.

Property Tax Reassessment Years in Cook County

Posted by Haleigh Haffner Mulhern | Apr 26, 2023 | 0 Comments

Property tax reassessment is the process of evaluating the value of a property for tax purposes in Cook County. It's an important process that helps to ensure that property owners are paying a fair share of property taxes based on the current market value of their property. If you have concerns about a property tax reassessment, consult with the attorneys at Haffner Law to understand your options.

What is a "FIRPTA" and Why Do I Need One at Closing?

Posted by Haleigh Haffner Mulhern | Apr 25, 2023 | 0 Comments

FIRPTA is an important law that affects foreign investment in U.S. real estate. It's designed to ensure that foreign sellers of U.S. real property pay their fair share of taxes, and it requires the buyer of the property to withhold and remit a portion of the sale proceeds to the IRS. If you are involved in a real estate transaction with a foreign seller, it's important to consult with a qualified professional to ensure that you comply with FIRPTA's requirements.

Why Are You Paying Title Fees?

Posted by Haleigh Haffner Mulhern | Apr 24, 2023 | 0 Comments

Title fees are a set of fees charged by title companies or attorneys for their services in verifying the ownership of a property and providing title insurance to protect buyers and lenders from any unforeseen title defects. Title insurance protects the buyer and/or lender from any financial loss ...

Why You Should Use a Real Estate Attorney

Posted by Haleigh Haffner Mulhern | Apr 24, 2023 | 0 Comments

Buying or selling a property can be a complex and stressful process, and it's important to ensure that all legal requirements are met to protect your interests. While you may be tempted to handle the process on your own, there are many reasons why you should consider using a r...

Haffner & Mulhern is Here For You

At Haffner & Mulhern, we are here to listen to you and help you navigate the legal system.

SCHEDULE YOUR FREE CONSULTATION TODAY

If you would like to learn more about our firm and how we can assist with your legal matter, contact our office. Call 847-729-6900 for your free initial consultation today. Haffner & Mulhern is proud to serve clients in Glenview, Niles, Skokie, Des Plaines, Wheeling, Evanston, Morton Grove, Mount Prospect, and throughout all of Cook County, Lake County, Will County, and DuPage County.

Menu